Cairo - Decypha: A survey by EFG Hermes held at the One on One Conference 2017 opening session showed that 62% of investors expect oil prices to end 2017 between $50 and $60 per barrel (pb).
EFG Hermes also stated in a report on Monday that 26% of investors believe oil could reach $60 to $70 pb, while 7% expected it to reach $50 within this year.
"The audience expected MENA earnings to rise by 0-10% in 2017, which is in line with consensus. We see low single-digit earnings growth for 2017, as we believe that Saudi Arabia earnings are unlikely to grow by 10% in aggregate for the year,” the report highlighted.
